Indian stock market today, October 7, 2026: The Sensex and Nifty opened lower on Wednesday, ending their two-session winning streak as investors monitored the upcoming Reserve Bank of India (RBI) monetary policy decision. At 9:21 am, the Sensex fell 457.78 points, or 0.63%, to 72,610.03, while the Nifty 50 declined 163.45 points, or 0.72%, to 22,612.65. Market breadth was negative, with 1,476 shares declining against 1,242 advancing and 151 remaining unchanged.
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Nifty Bank, Auto and Metal Stocks Lead Sectoral Declines
Selling pressure was visible across most sectoral indices in early trade. Nifty Auto fell 1.28%, Nifty Metal declined 1.06%, Nifty FMCG lost 0.77%, and Nifty PSU Bank slipped 0.79%. Nifty Bank was down 0.58%, while Nifty IT declined 0.49%.
Nifty Pharma gained 0.10%, and Nifty Media rose 0.85%, making them notable exceptions to the broader weakness.
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Titan, M&M and SBI Life Fall; Kanohar Electricals Gains
Titan Company shares declined more than 3% in early trading despite the company reporting growth across several business segments. Its Q2 update indicated 22% growth in domestic business and 97% growth in international business, while the jewellery business grew 21%. Titan added 77 domestic stores and one international store, taking its total network to 3,758 as of September 2026.
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Mahindra & Mahindra shares fell 1.57% after touching a 52-week low of ₹2,807.50 on the BSE. SBI Life Insurance declined 2.30%, while Asian Paints and M&M were among the Nifty's major laggards. Dr Reddy's Laboratories, Bharti Airtel, Cipla and Coal India were among the gainers.
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Kanohar Electricals advanced more than 11% after reporting a 140% increase in Q1 profit to ₹27.3 crore from ₹11.4 crore a year earlier. Revenue rose 103.5% to ₹137.1 crore from ₹67.4 crore, and the stock touched a 52-week high of ₹1,080.20.
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Satin Creditcare Rises; ARCIL Shares Gain After Results
Satin Creditcare Network shares gained 2.45% to ₹234.10 after the company reported a 31% YoY increase in consolidated assets under management to ₹16,600 crore and 41% growth in Q2 FY27 disbursements to ₹3,697 crore. The company added approximately 1.9 lakh borrowers and 39 branches during the quarter. The market update also reported that the Massachusetts Institute of Technology sold 14.54 lakh shares, representing a 1.31% stake, for ₹30.31 crore at ₹208.36 per share.
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Asset Reconstruction Company (India) shares rose 4.15% to ₹151.75 after its Q1 profit increased 14.6% to ₹59.1 crore, while revenue surged 115.4% to ₹234.7 crore.
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RBI Policy Decision in Focus
Investors are monitoring the RBI's policy outcome amid the weak opening in domestic equities. The early decline in benchmark indices, coupled with losses across banking, auto and metal stocks, reflects broad-based selling pressure at the start of the session. The next market direction will depend on the policy announcement, the central bank's assessment of inflation and growth, and subsequent trading activity.
Disclaimer: This article is for news and informational purposes only. It does not constitute investment, trading or financial advice.
